DISTRICT STATUS DETAIL

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1 District Status Detail mhtml:file://e:\my documents\first rating\fy 12\District Status Detail.mht Page 1 of 4 FIRST RATING FOR FISCAL YEAR Select An Option 6 Home Help Log Out DISTRICT STATUS DETAIL Name: MCKINNEY ISD Publication Level 1: 6/21/2013 3:05:18 PM Status: Passed Publication Level 2: None Rating: Superior Achievement 6/21/2013 3:05:18 PM District Score: 70 Passing Score: 52 # Indicator Description Updated Score 1 Was The Total Fund Balance Less Nonspendable and Restricted Fund Balance Greater Than Zero In The General Fund? 4:40:24 PM Yes 2 Was the Total Unrestricted Net Asset Balance Net of Accretion of Interest on Capital Appreciation Bonds In the Governmental Activities Column in the Statement of Net Assets Greater than Zero? If the District's 5 Year % Change in Students was 10% more 4:40:25 PM Yes 3 Were There No Disclosures In The Annual Financial Report And/Or Other Sources Of Information Concerning Default On Bonded Indebtedness Obligations? 4:40:25 PM Yes 4 Was The Annual Financial Report Filed Within One Month After November 27th or January 28th Deadline Depending Upon The District's Fiscal Year End Date June 30th or August 31st? 4:40:25 PM Yes 5 Was There An Unqualified Opinion in Annual Financial Report? 4:40:26 PM Yes

2 District Status Detail mhtml:file://e:\my documents\first rating\fy 12\District Status Detail.mht Page 2 of 4 6 Did The Annual Financial Report Not Disclose Any Instances Of Material Weaknesses In Internal Controls? 4:40:26 PM Yes 1 Multiplier Sum 7 Was The Three-Year Average Percent Of Total Tax Collections Including Delinquent Greater Than 98%? 4:40:26 PM 5 8 Did The Comparison Of PEIMS Data To Like Information In Annual Financial Report Result In An Aggregate Variance Of Less Than 3 Percent Of Expenditures Per Fund Type Data Quality Measure? 4:40:27 PM 5 9 Were Debt Related Expenditures Net Of IFA And/Or EDA Allotment < $ Per Student? If The District's Five-Year Percent Change In Students = Or > 7%, Or If Property Taxes Collected Per Penny Of Tax Effort > $200,000 Per Student 4:40:27 PM 5 10 Was There No Disclosure In The Annual Audit Report Of Material Noncompliance? 4:40:27 PM 5 11 Did The District Have Full Accreditation Status In Relation To Financial Management Practices? e.g. No Conservator Or Monitor Assigned 4:40:28 PM 5 12 Was The Aggregate Of Budgeted Expenditures And Other Uses Less Than The Aggregate Of Total Revenues, Other Resources and Fund Balance In General Fund? 4:40:28 PM 5 13 If The District's Aggregate Fund Balance In The General Fund And Capital Projects Fund Was Less Than Zero, Were Construction Projects Adequately Financed? To Avoid Creating Or Adding To The Fund Balance Deficit Situation 4:40:28 PM 5 14 Was The Ratio Of Cash And Investments To Deferred Revenues Excluding Amount Equal To Net Delinquent Taxes Receivable In The General Fund Greater Than Or Equal To 1:1? If Deferred Revenues Are Less Than 4:40:29 PM 5

3 District Status Detail mhtml:file://e:\my documents\first rating\fy 12\District Status Detail.mht Page 3 of 4 Net Delinquent Taxes Receivable 15 Was The Administrative Cost Ratio Less Than The Threshold Ratio? 4:40:29 PM 5 16 Was The Ratio Of Students To Teachers Within the Ranges Shown Below According To District Size? 4:40:29 PM 5 17 Was The Ratio Of Students To Total Staff Within the Ranges Shown Below According To District Size? 4:40:30 PM 5 18 Was The Decrease In Undesignated Unreserved Fund Balance < 20% Over Two Fiscal Years?If Total Revenues > Operating Expenditures In The General Fund,Then District Receives 5 Points 4:40:30 PM 5 19 Was The Aggregate Total Of Cash And Investments In The General Fund More Than $0? 4:40:31 PM 5 20 Were Investment Earnings In All Funds Excluding Debt Service Fund and Capital Projects Fund Meet or Exceed the 3-Month Treasury Bill Rate? 4:40:31 PM 5 70 Weighted Sum 1 Multiplier Sum 70 Score DETERMINATION OF RATING A. Did The District Answer 'No' To Indicators 1, 2, 3 Or 4? OR Did The District Answer 'No' To Both 5 and 6? If So, The District s Rating Is Substandard Achievement. B. Determine Rating By Applicable Range For summation of the indicator scores Indicators 7-20 Superior Achievement 64-70

4 District Status Detail mhtml:file://e:\my documents\first rating\fy 12\District Status Detail.mht Page 4 of 4 Above Standard Achievement Standard Achievement Substandard Achievement <52 INDICATOR 16 & 17 RATIOS Indicator 16 Ranges for Ratios Indicator 17 Ranges for Ratios District Size - Number of Students Between Low High District Size - Number of Students Between Low High < < => => Audit Home Page: School Financial Audits Send comments or suggestions to mailto:schoolaudits@tea.state.tx.us?subject=first%20suggestions

5 mhtml:file://e:\my documents\first rating\fy 12\.mht Page 1 of INDICATOR TEST 1 Was The Total Fund Balance Less Nonspendable and Restricted Fund Balance Greater Than Zero In The General Fund? Status Passed 4:40:24 PM Total Fund Balance 62,356,736 - Nonspendable and Restricted Fund Balance 832,230 > Bankrupt Threshold 0 Mathematical Breakdown: 61,524,506 > 0 Financial distress avoidance is ascertained when the result of the formula is greater than zero. Audit Home Page: School Financial Audits Send comments or suggestions to mailto:schoolaudits@tea.state.tx.us? subject=first%20suggestions

6 Page 1 of INDICATOR TEST 2 Was the Total Unrestricted Net Asset Balance Net of Accretion of Interest on Capital Appreciation Bonds In the Governmental Activities Column in the Statement of Net Assets Greater than Zero? If the District's 5 Year % Change in Students was 10% more Status Passed 4:40:25 PM 2012 Total Students 24, Total Students 22,276 / 2008 Total Students 22,276 >= Threshold for Five-Year Percent Change in Students 0.1 Or Total Unrestricted Net Asset Balance 61,278,447 + Accretion of Interest for Capital Appreciation Bonds 0 > 0

7 Page 2 of 2 Mathematical Breakdown: >= 0.1 Or 61,278,447 > 0 This Indicator will be considered PASSED if EITHER of the following CONDITIONS is TRUE: 1. The District's Five-Year Percent Change in Students was 10% or MORE OR On the 'Statement of Net Assets', in the 'Government Activities Column', was the Total Unrestricted Net Asset Balance Net of Accretion of Interest on Capital Appreciation Bonds GREATER THAN ZERO?

8 Page 1 of INDICATOR TEST 3 Were There No Disclosures In The Annual Financial Report And/Or Other Sources Of Information Concerning Default On Bonded Indebtedness Obligations? Status Passed 4:40:25 PM Not Default Disclosures false This indicator will be considered PASSED if there were no disclosures in the annual financial report and/or other sources of information concerning default on bonded indebtedness obligations. The district was able to make all bond payments.

9 Page 1 of INDICATOR TEST 4 Was The Annual Financial Report Filed Within One Month After November 27th or January 28th Deadline Depending Upon The District's Fiscal Year End Date June 30th or August 31st? Status Passed 4:40:25 PM Date Received 2012/10/26 <=Due Date Fiscal Year End + Deadline in Days After Fiscal 2012/12/28 Year End This indicator will be considered PASSED if the audit report was on time or filed within 30 days of the deadline.

10 Page 1 of INDICATOR TEST 5 Was There An Unqualified Opinion in Annual Financial Report? Status Passed 4:40:26 PM Clean Audit true This indicator will be considered PASSED if the district received a clean audit unqualified opinion.

11 Page 1 of INDICATOR TEST 6 Did The Annual Financial Report Not Disclose Any Instances Of Material Weaknesses In Internal Controls? Status Passed 4:40:26 PM Not Weak Internal Controls false This indicator will be considered PASSED if the external auditor reported no material weaknesses in the audit report.

12 R... Page 1 of INDICATOR TEST 7 Was The Three-Year Average Percent Of Total Tax Collections Including Delinquent Greater Than 98%? Result/Points 5 4:40:26 PM / 2012 Tax Collections 138,585, Tax Collections 135,743, Tax Collections 137,831, Tax Levy 138,087, Tax Levy 135,638, Tax Levy 137,720,872 > Acceptable Tax Collection Rate 0.98 Mathematical Breakdown: > 0.98

13 R... Page 2 of 2 DETERMINATION OF POINTS > 98% > 95% =< 98% > 92% =< 95% > 89% =< 92% > 86% =< 89% < = 86%

14 Page 1 of INDICATOR TEST 8 Did The Comparison Of PEIMS Data To Like Information In Annual Financial Report Result In An Aggregate Variance Of Less Than 3 Percent Of Expenditures Per Fund Type Data Quality Measure? Result/Points 5 4:40:27 PM Sum of Differences 168 / Denominator 267,837,326 < Acceptable Level of Variance 0.03 Mathematical Breakdown: 0 < 0.03 DETERMINATION OF POINTS 5 0 < 3% >= 3%

15 Page 1 of INDICATOR TEST 9 Were Debt Related Expenditures Net Of IFA And/Or EDA Allotment < $ Per Student? If The District's Five-Year Percent Change In Students = Or > 7%, Or If Property Taxes Collected Per Penny Of Tax Effort > $200,000 Per Student Result/Points 5 4:40:27 PM If 2012 Total Students 24, Total Students 22,276 / 2008 Total Students 22,276 < Threshold for 5 Year Student Population Growth 0.07 And / Total Tax Collection 138,585,816 Total Tax Rate 1.54

16 Page 2 of 2 * 100 < Threshold for Revenue Collection Efficiency 200,000 Then Function 71 Expenditures 43,274,541 - IFA and EDA Allotments 0 / 2012 Total Students 24,572 Mathematical Breakdown: If < 0.07 And 899, < 200,000 Then 1, DETERMINATION OF POINTS < $350 >= $350 < $600 >= $600 < $850 >= $850 < $1,100 >= $1,100 < $1,350 >= $1,350

17 Page 1 of INDICATOR TEST 10 Was There No Disclosure In The Annual Audit Report Of Material Noncompliance? Result/Points 5 4:40:27 PM Not Material Non-Compliance false This indicator will be considered PASSED if the Audit Reported No Material Noncompliance.

18 Page 1 of INDICATOR TEST 11 Did The District Have Full Accreditation Status In Relation To Financial Management Practices? e.g. No Conservator Or Monitor Assigned Result/Points 5 4:40:28 PM Full Accreditation true This indicator will be considered PASSED if the district had No Financial Conservator Or Monitor Assigned.

19 Page 1 of INDICATOR TEST 12 Was The Aggregate Of Budgeted Expenditures And Other Uses Less Than The Aggregate Of Total Revenues, Other Resources and Fund Balance In General Fund? Result/Points 5 4:40:28 PM Budgeted Appropriations in the General Fund 173,118,391 +Budgeted Other Uses in the General Fund 0 - Budgeted Revenues in the General Fund 171,911,027 +Budgeted Other Resources in the General Fund 300,000 +Fund Balance In General Fund At July 1 or September 1 55,689,961 Depending On Fiscal Year End < Standard for Annual Budget Surplus/Margin 0 Mathematical Breakdown: -54,782,597 < 0

20 Page 2 of 2 This indicator will be considered PASSED if the district adopts a balanced budget.

21 Page 1 of INDICATOR TEST 13 If The District's Aggregate Fund Balance In The General Fund And Capital Projects Fund Was Less Than Zero, Were Construction Projects Adequately Financed? To Avoid Creating Or Adding To The Fund Balance Deficit Situation Result/Points 5 4:40:28 PM If Fund Balance In General Fund At July 1 or September 1 62,356,736 Depending On Fiscal Year End + Fund Balance In Capital Projects Fund At July 1 or 32,187,532 September 1 Depending On Fiscal Year End < Standard Capital Fund Margin 0 Then Expenditures Function 81 In General Fund and Capital 24,364,205 Projects Fund - Other Resources For Real Property Financing In General 49,269,116 Fund and Capital Projects Fund - Fund Balance In General Fund At July 1 or September 1 Depending On Fiscal Year Start 55,689,961 + Fund Balance In Capital Projects Fund At July 1 or 12,967,316 September 1 Depending On Fiscal Year Start

22 Page 2 of 2 < Standard Construction Margin 0 Mathematical Breakdown: If 94,544,268 < 0 Then -93,562,188 < 0 The district adequately budgeted construction projects.

23 Page 1 of INDICATOR TEST 14 Was The Ratio Of Cash And Investments To Deferred Revenues Excluding Amount Equal To Net Delinquent Taxes Receivable In The General Fund Greater Than Or Equal To 1:1? If Deferred Revenues Are Less Than Net Delinquent Taxes Receivable Result/Points 5 4:40:29 PM If Deferred Revenue in the General Fund 2,774,348 - Property Tax Receivable Net of Uncollectible 2,633,091 > Standard Deferred Revenue Margin 0 Then / Cash in the General Fund 66,978,968 + Investments in the General Fund 0 Deferred Revenue in the General Fund 2,774,348 - Property Tax Receivable Net of Uncollectible 2,633,091

24 Page 2 of 2 Mathematical Breakdown: If 141,257 > 0 Then DETERMINATION OF POINTS >= 1.00 => 0.95 < 1.00 => 0.90 < 0.95 => 0.85 < 0.90 => 0.80 < 0.85 < 0.80

25 Page 1 of INDICATOR TEST 15 Was The Administrative Cost Ratio Less Than The Threshold Ratio? Result/Points 5 4:40:29 PM Acceptable Administrative Cost Ratio > District Administrative Cost Ratio DETERMINATION OF POINTS ADA Group Standard 10,000 and Above ,000 to 9, ,000 to 4, to Less than Sparse

26 Page 2 of Cost Ratio < Threshold Cost Ratio >= Threshold

27 Page 1 of INDICATOR TEST 16 Was The Ratio Of Students To Teachers Within the Ranges Shown Below According To District Size? Result/Points 5 4:40:29 PM Number of Students 24,572 / Number of FTE Teachers 1, Mathematical Breakdown: DETERMINATION OF POINTS Students Low High <

28 Page 2 of => 10, UL <= 100% > 100% =< 105% > 105% =< 110% > 110% =< 115% > 115% =< 120% > 120% LL => 100% => 95% < 100% => 90% < 95% => 85% < 90% => 80% < 85% < 80%

29 Page 1 of INDICATOR TEST 17 Was The Ratio Of Students To Total Staff Within the Ranges Shown Below According To District Size? Result/Points 5 4:40:30 PM Number of Students 24,572 / Number of FTE Staff 2, Mathematical Breakdown: DETERMINATION OF POINTS Students Low High <

30 Page 2 of => 10, UL <= 100% > 100% =< 105% > 105% =< 110% > 110% =< 115% > 115% =< 120% > 120% LL => 100% => 95% < 100% => 90% < 95% => 85% < 90% => 80% < 85% < 80%

31 Page 1 of INDICATOR TEST 18 Was The Decrease In Undesignated Unreserved Fund Balance < 20% Over Two Fiscal Years?If Total Revenues > Operating Expenditures In The General Fund,Then District Receives 5 Points Result/Points 5 4:40:30 PM If Total Revenues in the General Fund 174,387,137 - Expenditures in the General Fund in Functions and Expenditure Object Codes ,795,274 > Acceptable Expenditure Revenue Gap 0 Or Undesignated, Unreserved Fund Balance In General Fund At 48,751,000 June 30 or August 31, Depending On Fiscal Year End, Two Fiscal Years Prior * Maximum Allowable 2 Year Change in Fund 0.8 < Unassigned Fund Balance In General Fund For The 32,700,732 Fiscal Year Or

32 Page 2 of 2 Unassigned Fund Balance In General Fund For The Fiscal Year -Undesignated, Unreserved Fund Balance In General Fund At June 30 or August 31, Depending On Fiscal Year End, Two Fiscal Years Prior / Undesignated, Unreserved Fund Balance In General Fund At June 30 or August 31, Depending On Fiscal Year End, Two Fiscal Years Prior 32,700,732 48,751,000 48,751,000 Mathematical Breakdown: If 7,591,863 > 0 Or 39,000,800 < 32,700,732 Or DETERMINATION OF POINTS < 20% => 20% < 21% => 21% < 22% => 22% < 23% => 23% < 24% => 24%

33 a... Page 1 of INDICATOR TEST 19 Was The Aggregate Total Of Cash And Investments In The General Fund More Than $0? Result/Points 5 4:40:31 PM Cash in the General Fund 66,978,968 + Investments in the General Fund 0 > Acceptable Lower Limit for Cash and Investments 0 Mathematical Breakdown: 66,978,968 > 0 DETERMINATION OF POINTS 5 0 > 0 =< 0

34 Page 1 of INDICATOR TEST 20 Were Investment Earnings In All Funds Excluding Debt Service Fund and Capital Projects Fund Meet or Exceed the 3-Month Treasury Bill Rate? Result/Points 5 4:40:31 PM Investment Earnings In All Funds Except Debt Service Fund 129,530 and Capital Projects Fund / Cash and Investments in All Funds Except Debt Service 71,198,561 Fund and Capital projects Fund Current Fiscal Year-End +Cash and Investments in All Funds Except Debt Service 55,618,696 Fund and Capital projects Fund Prior Fiscal Year-End / 2 * 100 Mathematical Breakdown: DETERMINATION OF POINTS

35 Page 2 of >= % < %

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2010 F.I.R.S.T. REPORT Allen Independent School District A Financial Management Report For the Fiscal Year Ended June 30, 2009 This page intentionally left blank. Allen Independent School District The